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FirstBank Inc. issues a common stock that plans to pay a quarterly dividend of $1.2 forever. The return on the stock is 12% compounded quarterly.

FirstBank Inc. issues a common stock that plans to pay a quarterly dividend of $1.2 forever. The return on the stock is 12% compounded quarterly. What would be the maximum you would be willing to pay today? $7.50 $40.00 $10.00 $30.00

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